Assignment Content A Project Management Plan has many components. Some aspects of the plan are introduced in future courses in the Project Management Certificate program. For the purpose of this...

Executive summary:

Construction projects are complex and full of uncertainties. Therefore, risk analysis and its management is important. Risks emerge from a number of the different phases.

There are multiple parties involved in construction projects. These are clientele, contractors, designers and financiers. These individuals and organisations have different experience and skill sets; and also have different expectations. This leads to painpoints and misunderstandings . And it becomes difficult for even the most adept and experienced project manager and contractor to manage such projects.
Risk management is therefore necessary as it helps the main stakeholders – clientele, contractors or developer, experts, and material supplier – in order to achieve their expected end result and minimize the negative impacts on overall performance of projects that is measured in terms of time period, cost and quality standards.

“The problem multiplies with the size of the project as uncertainties in project outcome increase with size”(PMI, 2013). Construction projects face more uncertainties as compared to projects of a smaller size. Projects are more prone to uncertainty because of such factors as complex project management plan and plan execution complexity, involvement of different stakeholders(landowner, experts, contractors, suppliers, etc.), resources like human capital, materials, tools & technique, resource pool, and internal or external environmental factors.
Project management plan therefore can be to changes in the external or internal environment and not easy to predict. Construction projects are largely affected by cost increase. These cost increases can be with respect to required material.

There are many parties involved in such projects and maintaining smooth relationships with so many becomes a big issue. Projects like (construction project, information technology projects) are prone to more uncertainty thanks to their unlike specifications, such as large time period, convoluted processes, uncertain environment, and financial capability.
Work Breakdown Structure:
Work package description:Fixed cost base contract, design- bid - build basis procurement method
Non-functional requirement: Gas, sewage, electric wiring, plumbing, door & windows.
Estimation: Project Cost is five million dollar with a deadline may 2021. We will avoid time and cost overrun.
DYX is not involved either directly or indirectly in any design aspects of the project.
Construction will be done in six phases and four milestones.
Activity Chart Gantt:
We have taken a dummy data gantt chart. How will the project be completed in different phases?
Human Resource Planning:
Manpower planning:
Based on the inputs of the required department, a draft of a manpower planning sheet will be made by the project leader.
Recruitment strategy-In this scenario, lateral recruitment will be better than campus hiring.
Selection-It can be done through inhouse search avenues like linkedin, monster.com or can be outsourced to any consultancy.
Based on the skill, talent and compensation in parrelaal industry.
We can assign specific, measurable, attainable, relevant and time bound targets and keep a check on target completion.
Performance appraisal will be based on target completion.
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A Communication Management Plan:
“Communication between stakeholders plays a major role in determining the success and/or failure of any project” (Mnkandla, 2014). It is one of the essential parts of a project management plan. How are we going to gather requirements and elicitation of critical information from stakeholders?
First we make a list of all stakeholders according to their role based permission. What are the reliable and affordable communication tools available like gmail, skype and project management application (Bitrix)? How the project progress report will be accessible to whom according to their roles.
Risk Assessment
We need to identify all the areas where our business is vulnerable only with the aim of hedging those components. This is important as...